Viewing post categorized under: Business News

Categories

Follow Us on Facebook!

MaineBiz: Fiberight $70m waste to energy facility finally ramping up

Patrick Emerson Feb 27, 2019 No Comments

“The $70 million, 144,000-square-foot waste-to-energy plant is expected to convert 80% of the waste it takes in either into renewable energy or recycling it. Using a high-tech process it will sort, recycle, reuse and refine 180,000 tons of municipal trash per year from 115 municipalities once it’s fully operational.” Read the full article from MaineBiz, […]

Read More

Next Generation Recycling comes to Maine

Fiberight Team Sep 21, 2018 No Comments

By: News Center Maine | newscentermaine.com | Sept. 21, 2018  Hampden’s Fiberight facility tour.

Read More

CP Group begins Fiberight installation

Fiberight Team Aug 14, 2018 No Comments

Edited by DeAnne Toto | recyclingtoday.com | Aug. 14, 2018 Earlier this summer, CP Group, headquartered in San Diego, broke ground on the installation of the material recovery facility that will be the front-end system for Fiberight’s waste processing and refining facility that features Fiberight’s first full-scale biofuels and biogas processing systems. Serving 115 municipalities, […]

Read More

Fiberight completes $70M financing for Maine facility

Fiberight Team Jan 10, 2018 No Comments

By: Cole Rosengren and Cody Boteler  | Wastedive.com  |  January 5, 2018 Fiberight announced this week completion of $70 million in project financing for its Hampden, ME facility. $45 million came from a tax-exempt bond issuance from the Finance Authority of Maine, underwritten by Jefferies LLC. The remaining $25 million came from private equity. Fiberight also […]

Read More

Fiberight Completes Financing for Maine WTE Plant

Fiberight Team Jan 10, 2018 No Comments

Waste360 Staff | Waste 360  Jan 04, 2018 Fiberight LLC announced the completion of a $70 million project financing for its municipal solid waste (MSW) processing facility, being constructed in Hampden, Maine. The project financing included a $45 million Finance Authority of Maine (FAME) tax-exempt bond issuance underwritten by Jefferies LLC, and $25 million in […]

Read More

High-tech waste-to-energy facility set to open in December

Fiberight Team Jan 10, 2018 No Comments

By Alex Acquisto | Bangor Daily News | January 5, 2018 HAMPDEN, Maine —The company behind a state-of-the-art solid waste disposal facility in Hampden designed to convert trash into biofuel has secured enough funding to begin operations in December. Craig Stuart-Paul, CEO of Maryland-based Fiberight LLC, announced this week that his company has secured $70 million for a […]

Read More

Judge Upholds State Permits for Hampden Waste-to-Energy Plant

Fiberight Team Mar 16, 2017 No Comments

By Nok-Noi Ricker | Bangor Daily News  |  March 15, 2017 HAMPDEN, Maine — In a decision that affects trash disposal for more than a hundred Maine communities, a Superior Court judge has denied a competing solid waste disposal group’s arguments and upheld state permits for a new waste-to-energy plant by Fiberight LLC in Hampden. […]

Read More

Court Upholds State Environmental Permits for Controversial Fiberight Waste Plant

Fiberight Team Mar 16, 2017 No Comments

‎By Madeline St. Amour | www.centralmaine.com  |  March 15, 2017 A Maine Superior Court justice on Wednesday affirmed state environmental permits for a controversial solid waste plant that would serves dozens of central Maine communities, marking the end of the project’s last legal battle and one of its major hurdles. The appeal, filed by USA […]

Read More

Fiberight Groundbreaking Ceremony Marks Visible Sign of Waste Project Progress

Fiberight Team Oct 27, 2016 No Comments

By Madeline St. Amour | www.centralmaine.com  |  October 27, 2016 HAMPDEN, Maine — Years of research, negotiations and advocacy for a new waste disposal solution for more than 100 Maine communities culminated Wednesday in a groundbreaking ceremony that marked the first visible signs of that future. Construction has started on the road leading to a […]

Read More

Hampden board approves Fiberight waste-to-energy plant

Fiberight Team Jul 20, 2016 No Comments

By Dawn Gagnon / Bangor Daily News / July 19, 2016 HAMPDEN, Maine — After a public hearing that spanned five nights going back to April, members of Hampden’s Planning Board on Tuesday night granted the Municipal Review Committee and its partner Fiberight LLC permission to construct a $69 million state-of-the-art waste-to-energy plant. Site plan and conditional use […]

Read More